In downstream oil and gas, LPG: the activity wherein an LPG cylinder owner purchases LPG cylinders bearing its trademark or trade name from an LPG industry participant as part of the process of LPG cylinder swapping at a price determined under the LPG Cylinder Exchange and Swapping Program [Section 4(y), LPG Industry Regulation Act of 2021; Section 3.1(z) of DOE-DTI Joint Department Circular No. JDC2022-05-001, Rules and Regulations Implementing Republic Act No. 11592]
In downstream oil & gas, LPG: the activity wherein an LPG Cylinder owner purchases LPG cylinders bearing its Trademark or Trade Name from an LPG industry participant as part of the process of LPG Cylinder swapping at a price determined under the LPG Cylinder Exchange and Swapping Program [Section 3.1(dd), DOE Department Circular No. DC2022-11-0037, Guidelines on the Registration and Issuance of License to Operate to Qualified DOE-Regulated LPG Industry Participants and Penalizing Certain Prohibited Acts]
Note: Under the latter issuance, the term is written as “LPG Cylinder Buyback”.